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STOCK COMPENSATION PLAN (Tables)
9 Months Ended
Sep. 30, 2018
STOCK COMPENSATION PLAN [Abstract]  
Schedule of status of the stock option plan

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

    

Number of

    

Weighted Average

 

 

Options

 

Exercise Price

 

 

 

 

 

 

Outstanding, beginning of period

 

271,500

 

$

19.79

Granted

 

 —

 

 

 —

Exercised

 

(5,000)

 

 

30.00

Cancelled/forfeited

 

 —

 

 

 —

Outstanding, end of period

 

266,500

 

$

19.60

Options vested and exercisable at end of period

 

266,500

 

$

19.60

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

 

 

 

4.91

 

Schedule of summary of stock options outstanding

 

 

 

 

 

 

 

 

 

 

Options Outstanding

Range of Average

 

Number Outstanding at

 

Weighted Average

 

Weighted Average

Exercise Prices

    

September 30, 2018

    

Remaining Contractual Life

    

Exercise Price

$10 – 20

 

231,000

 

5.64

 

$

18.00

$21 – 30

 

35,500

 

0.20

 

$

30.00

$10 – 30

 

266,500

 

4.91

 

$

19.60

 

Schedule of non-vested restricted stock awards

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

 

 

 

Weighted Average

 

    

Number of Shares

    

Grant Date Fair Value

 

 

 

 

 

 

Outstanding, beginning of period

 

76,104

 

$

20.61

Granted

 

8,987

 

 

48.99

Forfeited

 

 —

 

 

 —

Vested

 

(20,301)

 

 

32.31

Outstanding at end of period

 

64,790

 

$

20.88

 

Schedule of share-based compensation performance restricted stock units

 

 

 

 

 

 

For the nine months ended

 

    

September 30, 2018

 

 

 

 

Weighted average service inception date fair value of award shares

 

$

4,064,295

Minimum aggregate share payout

 

 

12,000

Maximum aggregate share payout

 

 

90,000

Likely aggregate share payout

 

 

90,000

Compensation expense recognized

 

$

907,775